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Tips to Save Money This Christmas

It is important to remember that Christmas is a holiday of friends, family and fun. Keep happiness, good tidings and cheer at the center of all your shopping and activities. Many of the most important memories are about the time spent with family and friends, not about how much you spent. However, since many stores are willing to pull out all the stops, here are eight tips to save money this Christmas!

Gift Exchange for Relatives

It is always awkward when you don’t buy a present for a relative who bought you a present. A Gift Exchange, Draw-One Name or Secret Santa system places all your relatives names in a box and allows each member to pick someone. This is efficient, cost-effective and avoids embarrassment.

Buy in Bulk

Most stores will give you a discount for buying in bulk. You could even set up a deal with friends where one person gets one stocking stuffer and another gets another one – then trade. The larger volume will deliver a cheaper per unit cost.

Make Your Gifts

People remember homemade gifts due to the personal touch. Purchasing raw materials for crafts, clothing or food is much cheaper than buying the finished product. Homemade is a way to show you care.

Buy-One-Get-One (BOGO)

Along the same lines is the Buy-One-Get-One (BOGO) concept. Many stores will offer this promo or) to get you in the door. Other varieties of this sale include getting your second item at a certain percentage off or a gift card with your purchase.

Sign Up for Rewards

Many franchises have their own rewards cards. You can get special deals if you are part of a store’s membership club. Simply fill out a form to sign up. There are also shops that offer specials for online deals only, so go ahead and sign up for their newsletters to get special deals delivered straight to your inbox.

Innovative Technology

In October 2014, Apple Pay was rolled out offering a mobile application to turn the iPhone 6 into a credit card. Gradually, more stores will offer this service, but they want to see good sales from early adopters of the technology. Stores with innovative technology may offer discounts to increase their sales.

If you follow any of these tips or none of them, just make sure to have fun! This is a holiday that is all about enjoying good times with friends and family. Be creative and think outside the box. Tis the season to be jolly, healthy and wise.

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